HALISTER: Societe Generale 4Q Net Beats Estimates; Plans ALD IPO in 2017

Societe Generale 4Q Net Beats Estimates; Plans ALD IPO in 2017

(Bloomberg) -- Co. says in a statement it will keep increasing the dividend from 2017.
  • Co. to maintain 50% dividend payout ratio
  • Co. books EU235M 4Q charge tied to sale of Croatian unit
  • Co. books EU286M 4Q charge from review of DTAs
  • Co. sets aside EU150M for provision for unspecified legal risks
  • 4Q GBIS net EU432M, up 51%
  • 4Q equities trading revenue rises 13% to EU509M
  • 4Q debt trading revenue rises 6.8% to EU551M
  • 4Q Intl retail banking and financial services profit EU438M, up 50%
  • SocGen to keep controlling stake in ALD after IPO
  • 4Q cost of risk drops 58% to EU486M
  • Co. agrees to complete purchase of Aviva 50% stake in Antarius
Alert: HALISTER
Source: BFW (Bloomberg First Word)

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GLE FP (Societe Generale SA)

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